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How much is it?

Or just wait till 8 months into ownership, and then sell your iPad2 for the amount you paid for it, minus what Apple charges for another years warranty.

Then buy a new iPad2 with the money.

Not only do you then have a new iPad
But you also have a whole fresh years warranty again

And it's cost you no more than buying extra warranty from Apple.
 
I don't really think it's necessary on an iOS device to be honest. Any defects your iPad has will most likely be picked up in the first few months or so which is covered. After that they are pretty solid. Don't forget that accidental damage isn't covered under Apple Care so if you are concerned about dropping it etc, insurance would be a better bet.
 
Don't bother. The chances of your ipad malfunctioning after year one are small. Plus, you'll probably break it or upgrade it before it dies on its own.
 
Buy insurance instead. A small amount more than applecare, but you can throw it at the wall and drown the remains in toilet, they will send you a new one.

I got me Squaretrade insurance for something like 75 bucks, for 2 years.
 
I have three year squaretrade warranty with accidental damage for my iPad 1 and I still bought AppleCare right before my first free year expired. My iPad 1 had weird screen defects that didn't start appearing until 10 months of use (before that the screen was perfect). With squaretrade I would have had to file a claim, send them my iPad, wait for them to receive and analyze it, then wait for them to either fix/ship it back or send me a check for the cost of the iPad. With AppleCare I made an appointment at the closest Apple store, brought them my iPad, showed them the problem, and walked out with a swapped iPad. No waiting, no time where I was without an iPad, simple and easy.

AppleCare can only be extended a year and doesn't cover accidental damage so I'm still keeping the squaretrade warranty, but the convenience of dealing with AppleCare makes it worth a double-dip.
 
Check your credit card extended warranty benefit first.

Another great idea. Bought mine with Amex. No accident coverage, but you may be able to get a replacement for a year past manufacturer's warranty.
 
If you're planning on buying an iPad 3 when it comes out sometime next year (maybe), then I'd stick with the standard warranty. However, if you're sticking with iPad 2 for the long run, getting the extended warranty is a good idea. I bought the extended warranty for my 3GS phone and have had it replaced twice now for case cracking (not due to dropping) and a screen failure. Stuff happens, especially in the 2nd year. :)
 
If you do buy it, don't get it from Apple. Amazon sells Applecare for iPad for $69, rather than Apple's price of $99. It looks like you can also buy it for less than $60 on eBay.

Buying from Amazon is a no-brainer. And, while eBay sounds scary for something like this, it has worked out great for me. I saved a bunch on my MacBook Pro Applecare plan from an eBay seller. It activated perfectly on Apple's website and I put it to the test when my MBP needed a motherboard replacement.
 
Why should I buy Applecare for my new Ipad [sic] 2?

You shouldn't.

When we bought our iPhones last summer, I did a cost analysis of the AppleCare, AT&T service, and out-of-warranty costs. I assumed the most likely failure past the first month would be from being dropped or spilled liquid -- neither of which are covered under warranty -- it's cheaper to have it repaired by Apple out of warranty. I assumed the same result for our iPad.
 
it's cheaper to have it repaired by Apple out of warranty. I assumed the same result for our iPad.
The bill for my recent iPad repair (64GB 3G iPad 1) where the screen was defective and they had to swap for another device was about $370, so having AppleCare was cost effective. And the screen defect didn't appear until almost a year after purchase.

^ Nice catch on Amazon selling it cheaper. I didn't have a choice but to buy it from the Apple store for $79 + tax, it was like 2 days until my 1 yr expired and I wouldn't have been able to order online, receive the care package, and activate in time.
 
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